Fifteen percent of California households could afford to purchase the $905,680 median-priced home in the second quarter of 2025, down from 17 percent in first-quarter 2025 and up from 14 percent in second-quarter 2024.

A minimum annual income of $232,400 was needed to make monthly payments of $5,810 , including principal, interest, taxes and insurance on a 30-year fixed-rate mortgage at a 6.90 percent interest rate.

Twenty-five percent of home buyers were able to purchase the $670,000 median-priced condo or townhome. A minimum annual income of $172,000 was required to make a monthly payment of $4,300 .

SACRAMENTO, Calif. , Aug. 12, 2025 /PRNewswire/ -- Elevated interest rates and higher home prices curbed California housing affordability in the second quarter of 20

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